Question 29 Answer saved Marked out of 16.00 p Flag question Identifying Financial Statement Effects of Stock Issuance and Repurchase On January 1, Centaur Inc. issues 7,000 shares of $100 par value preferred stock at $300 cash per share. On March 1, the company repurchases 7,000 shares of previously issued $1 par value common stock at $156 cash per share. Use the financial statement effects template to record these two transactions. Use negative signs with answers, if appropriate. Balance Sheet Income Statement Contrib. Captial Cash Asset + Noncash Assets 0 Liabilities + Earned Capital 0 Transaction Issue shares of preferred stock Repurchase shares of common stock Expenses = Net income Revenues 0 0 0 0 0 0 0 0 0 0 0 0 0 0